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Tags: KLSE

KLSE News: 17 Mar 2014 – Perwaja default bond payments….

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The latest development is the domestic steel sector is the likelihood of Perwaja Steel defaulting on its bond payments. Malaysian Rating Corp (MRC) had downgraded Perwaja’s bonds to junk status. This could have implications to other steel players. Other negatives facing the industry include rising costs and competition, exacerbated by China’s dumping of steel wire […]

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